Monday, 18 March 2013

Copper intra day trend

Trend updated for-Mar/18/2013.CMP-424 Overall trend of the Copper is bearish for medium-long term.Currently Copper is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD SHORT position.Positionally Immediate support for Copper is 420.Resistance for the Copper is 428-430-431-437-440-
Currently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 427.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 428.2 with a stop at 421.3 Below 419.5 go for sell and put stop at 426.4
Intraday Resistance of COPPER are 424.2/424.6/433.7/439.6/449.6/455.2/466/476.8
Intraday Support of COPPER are 423.5/423.1/414/408.3/398.7/393.5/383.6/373.9

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